Office Investor on Prowl for New Assets

Beltway 8 Industrial Park’s location, occupancy and tenant mix were factors in the acquisition.

HOUSTON—Amid shrinking availability in a healthy service center market, an industrial park with 88% occupancy inside Beltway 8 offers flex space for small businesses from 2,400 to 12,000 square feet. Beltway 8 Industrial Park is located at 5829 W. Sam Houston Parkway North near Brittmoore and Tanner roads. Gupta Partners recently purchased the 276,000-square-foot nine-building industrial park on 9.32 acres as part of its 876,000-square-foot commercial real estate portfolio in Houston.

“Brittmoore and Tanner is the Main and Main intersection for industrial and flex retail space in Northwest Houston,” Jim Autenreith, the Moody Rambin broker who will handle lease negotiations and marketing of the property for Gupta, tells GlobeSt.com. “Our tenants are the small- to medium-sized businesses in every sector, from healthcare to technology.”